Former Labour Party presidential candidate Peter Obi has expressed support for President Bola Tinubu’s proposed tax reform bills, calling them critical and long overdue. However, Obi emphasized the importance of robust public engagement and transparency to ensure inclusivity and trust in the reform process.
President Tinubu’s Tax Reform Committee, led by Taiwo Oyedele, has faced criticism, particularly in Northern Nigeria. Borno State Governor Babagana Zulum argued that the reforms could disproportionately benefit wealthier states like Lagos and Rivers, potentially disadvantaging others.
The presidency has clarified that the reforms aim to streamline Nigeria’s tax administration and create a business-friendly environment. Amid the backlash, Tinubu ordered a comprehensive review of the bills to address stakeholders’ concerns.
Meanwhile, the National Assembly has suspended deliberations on the bills, urging the executive to provide further clarifications.
In a statement shared via X on Monday, Obi welcomed the reforms but stressed the need for thorough public hearings to involve Nigerians across different sectors.
“Tax reform is a critical issue, and there is nothing wrong with pursuing it. However, such reform must be subject to robust and informed public debate,” Obi said.
He added, “Public hearings must be conducted to allow for diverse opinions and inputs. This ensures that the broadest spectrum of public opinion is reflected in public policy. When considering tax reforms, it is insufficient to focus solely on government benefits like increased revenue. The overall impact on the nation and the sustainability of all regions must also be considered.”
Obi also highlighted the importance of public sensitization to secure buy-in for any policy changes. He emphasized that trust and legitimacy are the foundation of effective governance, cautioning that even well-intentioned reforms could fail without these elements.
The tax reform bills remain a focal point of national discourse, with stakeholders from various sectors weighing in on their potential implications for Nigeria’s economy and federal structure.
